Which of the Following Is an Example of a Zero-Sum

question 19

Multiple Choice

Which of the following is an example of a zero-sum game?

• A)Jill decides to buy a television set from Jack for $500.
• B)Angela buys a jacket worth $30 from the apparel store near her apartment.
• C)Rachel decides to buy Sarah's couch and is willing to pay whatever price Sarah might ask for it.
• D)Joanna buys a camera at a Thanksgiving sale and gets a tripod free.

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Definitions:

Output

The overall production of goods and services by a business or the entire economy.

MC Curve

The Marginal Cost Curve, which shows the cost of producing one more unit of a good or service.

Shutting Down

The short-run decision by a firm to cease production due to market conditions, though it may resume operations in the future.

Variable Cost

Costs that vary in proportion to the level of production or business activity.